SEC hates free markets .. Protecting people with regulation who don’t want to be protected with regulation .. Let’s be real .. If you’re buying Bitcoin, regulation is the least of your concerns ..
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“The US Securities and Exchange Commission has denied a bid to list a bitcoin-tied exchange-traded fund (ETF), citing the risk of fraud and a lack of regulation among the world’s bitcoin markets.”
SEC Shoots Down Winklevoss Bitcoin ETF Bid – CoinDesk
The US Securities and Exchange Commission has rejected a bid to launch the first-ever bitcoin ETF.
http://www.coindesk.com/sec-shoots-winklevoss-bitcoin-etf-bid/